As an industry leader in specialized insurance programs for association and affinity groups, Holman Insurance Brokers Ltd. recognizes the need to provide innovation, flexibility and service to meet the needs of groups of individuals or associations requiring errors and omissions insurance, high risk liability coverage or other specialized coverage needs including Directors and Officers Insurance.
The Directors and officers of Non-profit organizations (NPO) have a responsibility to oversee the activities of the organizations they serve and are required to act in the best interest of the organization, its employees, volunteers and their clients. Wrongful act allegations may be brought against a non-profit organization, which can result in defense costs, settlements and judgments. In order to protect the organization’s mission and the board’s personal assets, Non-Profit D&O is essential. Board members may not realize they may be held personally liable for the actions of the organization, and board decisions which can place their personal assets in jeopardy. As a professional association, charity or a social service organization, that is money better spent going toward your organizations mission.
With Non-Profit Directors & Officers (D&O) Insurance Coverage their board members are protected from exposure resulting from lawsuits against their non-profit and the risks associated with managing a non-profit organization.